| Schedule of Operating Results by Segment |
Operating results by segment are summarized in the following tables (in thousands):
|
|
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|
|
|
|
|
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|
|
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|
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|
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|
|
|
|
|
Fiscal Year Ended May 31, 2025 |
|
|
|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Healthcare |
|
|
Total |
|
Sales |
|
$ |
137,752 |
|
|
$ |
28,719 |
|
|
$ |
33,145 |
|
|
$ |
9,293 |
|
|
$ |
208,909 |
|
Cost of sales |
|
|
95,197 |
|
|
|
19,689 |
|
|
|
22,256 |
|
|
|
6,967 |
|
|
|
144,109 |
|
Gross profit |
|
|
42,555 |
|
|
|
9,030 |
|
|
|
10,889 |
|
|
|
2,326 |
|
|
|
64,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,173 |
|
Loss on disposal of property, plant and equipment |
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|
|
|
|
|
|
|
|
|
|
|
|
|
16 |
|
Loss on disposal of healthcare assets and other charges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,074 |
|
Operating loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,463 |
) |
Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
392 |
|
Foreign exchange gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
496 |
|
Other, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44 |
|
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(1,531 |
) |
|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Fiscal Year Ended June 1, 2024 |
|
|
|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Healthcare |
|
|
Total |
|
Sales |
|
$ |
128,697 |
|
|
$ |
23,233 |
|
|
$ |
32,444 |
|
|
$ |
12,086 |
|
|
$ |
196,460 |
|
Cost of sales |
|
|
89,980 |
|
|
|
16,626 |
|
|
|
21,471 |
|
|
|
8,417 |
|
|
|
136,494 |
|
Gross profit |
|
|
38,717 |
|
|
|
6,607 |
|
|
|
10,973 |
|
|
|
3,669 |
|
|
|
59,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,548 |
|
Loss on disposal of property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70 |
|
Operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
348 |
|
Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
284 |
|
Foreign exchange loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(436 |
) |
Other, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(39 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended May 27, 2023 |
|
|
|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Healthcare |
|
|
Total |
|
Sales |
|
$ |
164,299 |
|
|
$ |
47,596 |
|
|
$ |
39,331 |
|
|
$ |
11,432 |
|
|
$ |
262,658 |
|
Cost of sales |
|
|
110,210 |
|
|
|
33,877 |
|
|
|
26,956 |
|
|
|
7,926 |
|
|
|
178,969 |
|
Gross profit |
|
|
54,089 |
|
|
|
13,719 |
|
|
|
12,375 |
|
|
|
3,506 |
|
|
|
83,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58,713 |
|
Gain on disposal of property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
Operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,983 |
|
Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
295 |
|
Foreign exchange loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(278 |
) |
Other, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
25,030 |
|
The segment assets, which consist of inventories, net are summarized in the following table (in thousands):
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|
|
|
|
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|
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|
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|
PMT |
|
|
GES |
|
|
Canvys |
|
|
Healthcare |
|
|
Total Segment Assets |
|
2025 |
|
$ |
72,538 |
|
|
$ |
17,367 |
|
|
$ |
9,289 |
|
|
$ |
3,605 |
|
|
$ |
102,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
2024 |
|
|
67,068 |
|
|
|
20,857 |
|
|
|
9,457 |
|
|
|
12,767 |
|
|
|
110,149 |
|
The reconciliations of segment assets to the Consolidated Balance Sheets are summarized in the following table (in thousands):
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|
|
|
|
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|
May 31, 2025 |
|
|
June 1, 2024 |
|
Total segment assets |
|
$ |
102,799 |
|
|
$ |
110,149 |
|
Cash and cash equivalents |
|
|
35,901 |
|
|
|
24,263 |
|
Accounts receivable |
|
|
24,117 |
|
|
|
24,845 |
|
Other current assets |
|
|
3,070 |
|
|
|
2,397 |
|
Property, plant and equipment, net |
|
|
18,355 |
|
|
|
20,681 |
|
Intangible assets, net |
|
|
345 |
|
|
|
1,641 |
|
Right of use lease assets |
|
|
2,276 |
|
|
|
2,760 |
|
Other non-current assets |
|
|
228 |
|
|
|
209 |
|
Non-current deferred income taxes |
|
|
8,744 |
|
|
|
5,500 |
|
Total assets |
|
$ |
195,835 |
|
|
$ |
192,445 |
|
|
| Schedule of Net Sales and Gross Profit by Geographic Region |
Net sales and gross profit by geographic region are summarized in the following table (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended |
|
|
|
May 31, 2025 |
|
|
June 1, 2024 |
|
|
May 27, 2023 |
|
Net Sales |
|
|
|
|
|
|
|
|
|
North America (1) |
|
$ |
91,096 |
|
|
$ |
77,269 |
|
|
$ |
112,214 |
|
Asia/Pacific (2) |
|
|
43,211 |
|
|
|
45,264 |
|
|
|
59,557 |
|
Europe (3) |
|
|
64,949 |
|
|
|
61,476 |
|
|
|
62,017 |
|
Latin America (2) |
|
|
8,366 |
|
|
|
10,908 |
|
|
|
28,924 |
|
Other (4) |
|
|
1,287 |
|
|
|
1,543 |
|
|
|
(54 |
) |
Total |
|
$ |
208,909 |
|
|
$ |
196,460 |
|
|
$ |
262,658 |
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
|
|
|
|
|
|
|
North America (1) |
|
$ |
36,718 |
|
|
$ |
29,306 |
|
|
$ |
43,580 |
|
Asia/Pacific (2) |
|
|
13,890 |
|
|
|
13,682 |
|
|
|
18,775 |
|
Europe (2) |
|
|
18,572 |
|
|
|
18,516 |
|
|
|
18,760 |
|
Latin America (2) |
|
|
3,236 |
|
|
|
3,983 |
|
|
|
7,735 |
|
Other (4) |
|
|
(7,616 |
) |
|
|
(5,521 |
) |
|
|
(5,161 |
) |
Total |
|
$ |
64,800 |
|
|
$ |
59,966 |
|
|
$ |
83,689 |
|
(1)Primarily applicable to the United States. No other country generated a material amount. (2)No country generated a material amount. (3)Primarily applicable to Germany and Netherlands. No other country generated a material amount. (4)Includes primarily net sales not allocated to a specific geographical region, unabsorbed value-add cost and other unallocated expenses.
|